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9301 S Western Ave, Los Angeles, CA 90047
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9301 S Western Ave Los Angeles, CA 90047

$890,000 Sold Price as of 02/08/2023
  • 8 Beds
  • 4 Baths
  • 2,560 Sq.Ft.
Sold
$890,000 Sold Price as of 02/08/2023 Refinance Your Mortgage
Map preview of 9301 S Western Ave, Los Angeles, CA 90047

Property Overview: 9301 S Western Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 2,560 living square feet and 5,702 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the opportunity to acquire 9301 South Western Avenue, a four-unit apartment complex in Los Angeles. The property sits on a 5,702 square foot parcel with 2,560 square feet of rentable space. Built in 1943, 9301 S. Western Ave. is comprised of individual bungalow style units consisting of (4) Two Bedroom/One Bathroom units. The gas and electricity are both individually metered. The building offers tenants with (4) parking spaces and qualifies for favorable residential financing. This property provides an astute investor a unique value-add opportunity with plenty of upside in rents.

Listed by Boris Almengor | BRE #02092597 | eXp Realty of California Inc
Last checked: 14 seconds ago | Last updated: February 9th, 2023 | Source CRMLS | DOM: 92

Home details

Lot Sq. Ft
5,702
HOA Dues
$0/mo
Year built
1943
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW22160370
City
Los Angeles
County
Los Angeles
Time on Site
794 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,702
  • Total Rent: $1,702
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $870
  • Total Rent: $870
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $67,464
  • Net Operating Income: $62,644
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,800
  • Trash: $0
  • Insurance: $1,440
  • Water/Sewer: $4,200

Property Details for 9301 S Western Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wire
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6057006015
  • Year Built Source: Assessor
  • Architectural Style: Bungalow
  • Foundation Details: Pillar/Post/Pier
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Located West of Normandie Avenue and South of Manchester Avenue
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 9301 S Western Ave

Last sold for $890,000 on February 8th, 2023

  • February, 2023

  • Feb 8, 2023

    Date

    Sold

    CRMLS: PW22160370

    $890,000

    Price

  • Jul 21, 2022

    Date

    Active

    CRMLS: PW22160370

    $870,000

    Price

  • November, 2020

  • Nov 27, 2020

    Date

    Sold

    CRMLS: 20603290

    $785,000

    Price

  • Sep 24, 2020

    Date

    Active Under Contract

    CRMLS: 20603290

    $750,000

    Price

  • Aug 25, 2020

    Date

    Price Change

    CRMLS: 20603290

    $750,000

    Price

  • Jul 13, 2020

    Date

    Active

    CRMLS: 20603290

    $799,999

    Price

  • Listing provided courtesy of CRMLS

    MOTIVATED SELLER, PRICE REDUCED!! We are pleased to present the opportunity to acquire 9301 South Western Avenue, a four-unit apartment complex in Los Angeles. The property sits on a 5,702 square foot parcel with 2,560 square feet of rentable space. Built in 1943, 9301 S. Western Ave. is comprised of individual bungalow style units consisting of (4) Two Bedroom/One Bathroom units. The gas and electricity are both individually metered. The building offers tenants with (4) parking spaces and qualifies for favorable residential financing. With over 29% of upside in rents, this property provides an astute investor a unique value-add opportunity.

  • November, 2020

  • Nov 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $785,000

    Price

  • May, 2020

  • May 23, 2020

    Date

    Expired

    CRMLS: 20564566

    $835,000

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: 20564566

    $835,000

    Price

  • Listing provided courtesy of CRMLS

    We proudly present 9301 S Western Ave, Los Angeles, CA 90047, a four unit property located in South Los Angeles. This opportunity has significant upside, giving the new owner the opportunity to renovate units to achieve market rents. It is easily accessible from the 110 freeway, offering tenants access to Los Angeles' major employment hubs.

  • July, 2015

  • Jul 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 9301 S Western Ave

Assessed Value (2020): $487,093
Year Land Value Improved Value Assessed Value
2020 $324,729 $162,364 $487,093

Home Value Compared to the Market

This property vs the competition

9301 S Western Ave sold on February 8, 2023 for 22.32% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $339.84 per/sqft which puts the price per square foot 53.06% lower than the current median sale per square foot for the city of Los Angeles.

About 9301 S Western Ave

Detailed summary of property

9301 S Western Ave is a fourplex that recently sold in Los Angeles, CA 90047. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 2,560 living square feet, and sits on an approximately 5,702 square foot lot. 9301 S Western Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $890,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.32% lower than the current median priced home. Local homes that are currently for sale include 1414 W 107th St, 1136 W 101St St and 1300 W 83rd St. While the average home in Los Angeles, CA is selling in 106 days, 9301 S Western Ave has a days on market of 92 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 9301 S Western Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9301 S Western Ave

Public county record property details
Beds
8
Baths
4
Year built
1943
Sq. Ft.
2,560
Lot Size
5,702
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
102
APN
6057-006-015

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$750,000
Median List Price/Sq.Ft.
$568
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$561
Total Inventory
98
Median Sale to List Price %
99.39%
Avg Days on Market
43
Loan Type
Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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